Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-2690
No state or local tax on intangible personal property or money; local levies and license taxes
# A.
Except as provided in this chapter, there shall be no state or local taxes assessed on the intangible personal property, gross receipts or other such money or income owned by telephone or telegraph companies, railroads, pipeline companies, or corporations furnishing water, heat, light and power by means of electricity, gas or steam.
# B.
On the real estate and tangible personal property of every incorporated telegraph and telephone company owning or operating telegraph or telephone lines in Virginia and of railroads, pipeline companies, or corporations furnishing water, heat, light and power by means of electricity, gas or steam, there shall be local levies at the rates prescribed by § 58.1-2606.
# C.
Notwithstanding the provisions of subsection A, any county, city or town may impose a license tax under § 58.1-3703 upon a corporation owning or operating telegraph or telephone lines in Virginia for the privilege of doing business therein, which shall not exceed one-half of one percent of the gross receipts of such business accruing to such corporation from such business in such county, city or town; however, charges for long distance telephone calls shall not be considered receipts of business in such county, city or town.
# D.
Notwithstanding the provisions of subsection A, any county, city or town may impose an excise tax under § 58.1-3818.3 upon a corporation owning or operating telegraph or telephone lines in Virginia, at a rate that shall not exceed the rate lawfully imposed by § 58.1-3818.3, on such corporation's gross receipts from sales of video programming or access to video programming directly to end-user subscribers who are located within such county, city or town.
Source: view the official text
Nearby sections (25 sections)
- 58.1-2670.1 · Application to court to correct erroneous local…
- 58.1-2671 · Setting for hearing and notice to adverse parties
- 58.1-2672 · Review on motion of Commission
- 58.1-2673 · Correction after hearing or investigation; proceedings for…
- 58.1-2674 · Notice to Commonwealth
- 58.1-2674.1 · Application for correction of certification to Department…
- 58.1-2675 · Appeals to Supreme Court
- 58.1-2676 · Action of Supreme Court thereon
- 58.1-2680 · Reports to include location by districts, etc
- 58.1-2681 · Copies of assessment for local officials; contents
- 58.1-2682 · District boundaries to be furnished company and Commission
- 58.1-2683 · Article does not affect other duties
- 58.1-2690 · No state or local tax on intangible personal property or…
- 58.1-2700 · Definitions
- 58.1-2700.1 · Interstate motor carrier road tax
- 58.1-2700.2 · Motor carriers subject to terms of the International Fuel…
- 58.1-2700.3 · Waiver in emergency situations
- 58.1-2702 · Exemptions and exceptions
- 58.1-2703 · Payment of tax
- 58.1-2704 · How amount of fuel used in the Commonwealth ascertained
- 58.1-2705 · Reports of carriers
- 58.1-2706 · Credit for payment of motor fuel, diesel fuel or liquefied…
- 58.1-2707 · Refunds to motor carriers who give bond
- 58.1-2708 · Inspection of books and records
- 58.1-2709 · Penalties